PXP Energy takes over Pitkin for $3.5 million
Listed upstream oil and gas firm PXP Energy Corp. has taken over a UK-registered upstream oil and gas company with operations in Peru.
Source: philstar.com
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Karoon and Pitkin settle their exploration dispute
Dispute arose over the drilling of an offshore exploration well in Peru
Source: upstreamonline.com
PXP Energy subsidiary seeks US$100-M claims versus Aussie partner
Pitkin Petroleum, a subsidiary company of PXP Energy Corporation chaired by businessman Manuel V. Pangilinan, has formally served a ‘notice of dispute’ and seeks US$100 million claims against Australian partner Karoon Gas Australia Limited on the latter’s alleged breach of drilling commitment for a
Source: mb.com.ph
Peru JV partners in dispute over offshore exploration well
The operator Karoon has received notice from Pitkin about drilling a second well
Source: upstreamonline.com
PXP unit launches case vs Australia's Karoon Energy
BusinessWorld May 26, 2021 | 12:05 am The block is situated in the Tumbes Basin offshore Northwest Peru. In its disclosure, Manuel V. Pangilinan-led PXP said that Karoon Energyâs unit KEI Sucursal del Peru, the operator of the block, was supposed to drill a second well during the third exploration phase, as stated in its contract. If the well is not drilled during this time, KEI must continue drilling activities until the fourth period of the exploration phase. KEI is also required to pay Pitkinâs participating interest of 25% in all expenses incurred until the secon...
Source: bworldonline.com